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Loans and Allowance for Credit Losses (Tables)

6 Months Ended

Jun. 30, 2019

Receivables [Abstract]

Outstanding loans

Outstanding loans are summarized as follows:

Loan Type (Dollars in thousands)		June 30, 2019				% of Total Loans			December 31, 2018				% of Total Loans
Commercial:
Commercial and industrial		$	110,178			11.5	%		$	101,533			11.1	%
Agricultural production		25,987				2.7	%		7,998				0.9	%
Total commercial		136,165				14.2	%		109,531				12.0	%
Real estate:
Owner occupied		195,626				20.4	%		183,169				19.9	%
Real estate construction and other land loans		102,927				10.7	%		101,606				11.1	%
Commercial real estate		302,026				31.5	%		305,118				33.2	%
Agricultural real estate		75,077				7.8	%		76,884				8.4	%
Other real estate		33,214				3.6	%		32,799				3.6	%
Total real estate		708,870				74.0	%		699,576				76.2	%
Consumer:
Equity loans and lines of credit		71,107				7.4	%		69,958				7.6	%
Consumer and installment		42,345				4.4	%		38,038				4.2	%
Total consumer		113,452				11.8	%		107,996				11.8	%
Net deferred origination costs		1,724							1,592
Total gross loans		960,211				100.0	%		918,695				100.0	%
Allowance for credit losses		(9,405		)					(9,104		)
Total loans		$	950,806						$	909,591

Impaired loans

The following table shows information related to impaired loans by class at June 30, 2019 (in thousands):

		Recorded Investment				Unpaid Principal Balance				Related Allowance
With no related allowance recorded:
Commercial:
Commercial and industrial		$	211			$	463			$	—
Real estate:
Owner occupied		$	207			$	213			$	—
Real estate construction and other land loans		1,018				1,018				—
Commercial real estate		1,672				1,939				—
Total real estate		2,897				3,170				—
Consumer:
Equity loans and lines of credit		960				1,007				—
Total with no related allowance recorded		4,068				4,640				—
With an allowance recorded:
Commercial:
Commercial and industrial		51				52				6
Real estate:
Commercial real estate		157				158				18
Agricultural real estate		44				44				—
Total real estate		201				202				18
Consumer:
Equity loans and lines of credit		1,095				1,105				44
Consumer and installment		36				36				16
Total consumer		1,131				1,141				60
Total with an allowance recorded		1,383				1,395				84
Total		$	5,451			$	6,035			$	84

The recorded investment in loans excludes accrued interest receivable and net loan origination fees, due to immateriality.

The following table shows information related to impaired loans by class at December 31, 2018 (in thousands):

		Recorded Investment				Unpaid Principal Balance				Related Allowance
With no related allowance recorded:
Commercial:
Commercial and industrial		$	259			$	493			$	—
Real estate:
Owner occupied		215				215				—
Real estate construction and other land loans		2,613				2,676				—
Commercial real estate		1,182				1,414				—
Total real estate		4,010				4,305				—
Consumer:
Equity loans and lines of credit		248				285				—
Total with no related allowance recorded		4,517				5,083				—
With an allowance recorded:
Commercial:
Commercial and industrial		89				90				9
Real estate:
Commercial real estate		161				162				27
Agricultural real estate		44				44				—
Total real estate		205				206				27
Consumer:
Equity loans and lines of credit		1,098				1,103				54
Total with an allowance recorded		1,392				1,399				90
Total		$	5,909			$	6,482			$	90

The recorded investment in loans excludes accrued interest receivable and net loan origination fees, due to immateriality.

The following tables present by class, information related to the average recorded investment and interest income recognized on impaired loans for the three months ended June 30, 2019 and 2018 (in thousands).

		Three Months Ended June 30, 2019								Three Months Ended June 30, 2018
		Average Recorded Investment				Interest Income Recognized				Average Recorded Investment				Interest Income Recognized
With no related allowance recorded:
Commercial:
Commercial and industrial		$	223			$	—			$	327			$	—
Real estate:
Owner occupied		209				—				—				—
Real estate construction and other land loans		1,058				16				2,914				22
Commercial real estate		1,417				12				1,727				13
Agricultural real estate		—				—				2,288				119
Other real estate		—				—				1,142				—
Total real estate		2,684				28				8,071				154
Consumer:
Equity loans and lines of credit		739				1				197				—
Total with no related allowance recorded		3,646				29				8,595				154
With an allowance recorded:
Commercial:
Commercial and industrial		70				—				56				1
Real estate:
Commercial real estate		428				3				165				3
Agricultural real estate		44				1				51				1
Total real estate		472				4				216				4
Consumer:
Equity loans and lines of credit		1,099				14				1,020				14
Consumer and installment		17				—				3				—
Total consumer		1,116				14				1,023				14
Total with an allowance recorded		1,658				18				1,295				19
Total		$	5,304			$	47			$	9,890			$	173

The following tables present by class, information related to the average recorded investment and interest income recognized on impaired loans for the six months ended June 30, 2019 and 2018 (in thousands).

		Six Months Ended June 30, 2019								Six Months Ended June 30, 2018
		Average Recorded Investment				Interest Income Recognized				Average Recorded Investment				Interest Income Recognized
With no related allowance recorded:
Commercial:
Commercial and industrial		$	236			$	—			$	337			$	—
Real estate:
Owner occupied		211				—				—				—
Real estate construction and other land loans		1,715				32				2,951				45
Commercial real estate		1,313				25				1,629				26
Agricultural real estate		—				—				1,307				119
Other real estate		—				—				985				—
Total real estate		3,239				57				6,872				190
Consumer:
Equity loans and lines of credit		527				2				196				—
Total with no related allowance recorded		4,002				59				7,405				190
With an allowance recorded:
Commercial:
Commercial and industrial		77				1				52				2
Agricultural land and production		—				—				—				—
Total commercial		77				1				52				2
Real estate:
Owner occupied		—				—				—				—
Commercial real estate		472				6				232				3
Agricultural real estate		44				1				51				1
Total real estate		516				7				283				4
Consumer:
Equity loans and lines of credit		1,102				28				1,010				29
Consumer and installment		9				—				6				—
Total consumer		1,111				28				1,016				29
Total with an allowance recorded		1,704				36				1,351				35
Total		$	5,706			$	95			$	8,756			$	225

Allowance for credit losses

The following table shows the summary of activities for the Allowance as of and for the three months ended June 30, 2019 and 2018 by portfolio segment (in thousands):

		Commercial				Real Estate				Consumer				Unallocated				Total
Allowance for credit losses:
Beginning balance, April 1, 2019		$	1,450			$	6,709			$	895			$	64			$	9,118
(Reversal) provision charged to operations		372				(156		)		7				77				300
Losses charged to allowance		(50		)		—				(6		)		—				(56		)
Recoveries		28				—				15				—				43
Ending balance, June 30, 2019		$	1,800			$	6,553			$	911			$	141			$	9,405
Allowance for credit losses:
Beginning balance, April 1, 2018		$	1,736			$	6,131			$	812			$	109			$	8,788
(Reversal) provision charged to operations		206				(53		)		(28		)		(75		)		50
Losses charged to allowance		(36		)		—				(23		)		—				(59		)
Recoveries		32				77				32				—				141
Ending balance, June 30, 2018		$	1,938			$	6,155			$	793			$	34			$	8,920

The following table shows the summary of activities for the Allowance as of and for the six months ended June 30, 2019 and 2018 by portfolio segment (in thousands):    

		Commercial				Real Estate				Consumer				Unallocated				Total
Allowance for credit losses:
Beginning balance, January 1, 2019		$	1,671			$	6,539			$	826			$	68			$	9,104
(Reversal) provision charged to operations		120				14				68				73				275
Losses charged to allowance		(50		)		—				(15		)		—				(65		)
Recoveries		59				—				32				—				91
Ending balance, June 30, 2019		$	1,800			$	6,553			$	911			$	141			$	9,405
Allowance for credit losses:
Beginning balance, January 1, 2018		$	2,071			$	5,795			$	825			$	87			$	8,778
(Reversal) provision charged to operations		(150		)		278				(25		)		(53		)		50
Losses charged to allowance		(86		)		—				(65		)		—				(151		)
Recoveries		103				82				58				—				243
Ending balance, June 30, 2018		$	1,938			$	6,155			$	793			$	34			$	8,920

The following is a summary of the Allowance by impairment methodology and portfolio segment as of June 30, 2019 and December 31, 2018 (in thousands):

		Commercial				Real Estate				Consumer				Unallocated				Total
Allowance for credit losses:
Ending balance, June 30, 2019		$	1,800			$	6,553			$	911			$	141			$	9,405
Ending balance: individually evaluated for impairment		$	6			$	18			$	60			$	—			$	84
Ending balance: collectively evaluated for impairment		$	1,794			$	6,535			$	851			$	141			$	9,321
Ending balance, December 31, 2018		$	1,671			$	6,539			$	826			$	68			$	9,104
Ending balance: individually evaluated for impairment		$	9			$	27			$	54			$	—			$	90
Ending balance: collectively evaluated for impairment		$	1,662			$	6,512			$	772			$	68			$	9,014

Schedule of receivable by impairment methodology

		Commercial				Real Estate				Consumer				Total
Loans:
Ending balance, June 30, 2019		$	136,165			$	708,870			$	113,452			$	958,487
Ending balance: individually evaluated for impairment		$	262			$	3,098			$	2,091			$	5,451
Ending balance: collectively evaluated for impairment		$	135,903			$	705,772			$	111,361			$	953,036
Loans:
Ending balance, December 31, 2018		$	109,531			$	699,576			$	107,996			$	917,103
Ending balance: individually evaluated for impairment		$	348			$	4,215			$	1,346			$	5,909
Ending balance: collectively evaluated for impairment		$	109,183			$	695,361			$	106,650			$	911,194

Loan portfolio by internal risk rating

The following table shows the loan portfolio by class allocated by management’s internal risk ratings at June 30, 2019 (in thousands):

		Pass				Special Mention				Sub-Standard				Doubtful				Total
Commercial:
Commercial and industrial		$	106,340			$	2,312			$	1,526			$	—			$	110,178
Agricultural production		19,996				2,991				3,000				—				25,987
Real Estate:
Owner occupied		191,944				2,796				886				—				195,626
Real estate construction and other land loans		99,994				1,347				1,586				—				102,927
Commercial real estate		296,459				4,038				1,529				—				302,026
Agricultural real estate		55,120				13,507				6,450				—				75,077
Other real estate		33,214				—				—				—				33,214
Consumer:
Equity loans and lines of credit		66,817				1,445				2,845				—				71,107
Consumer and installment		42,307				—				38				—				42,345
Total		$	912,191			$	28,436			$	17,860			$	—			$	958,487

The following table shows the loan portfolio by class allocated by management’s internally assigned risk grade ratings at December 31, 2018 (in thousands):

		Pass				Special Mention				Sub-Standard				Doubtful				Total
Commercial:
Commercial and industrial		$	86,876			$	12,072			$	2,585			$	—			$	101,533
Agricultural production		5,955				2,043				—				—				7,998
Real Estate:
Owner occupied		179,214				3,056				899				—				183,169
Real estate construction and other land loans		95,301				3,270				3,035				—				101,606
Commercial real estate		298,714				5,268				1,136				—				305,118
Agricultural real estate		57,544				165				19,175				—				76,884
Other real estate		32,799				—				—				—				32,799
Consumer:
Equity loans and lines of credit		68,016				380				1,562				—				69,958
Consumer and installment		38,036				—				2				—				38,038
Total		$	862,455			$	26,254			$	28,394			$	—			$	917,103

Loan portfolio by time past due

The following table shows an aging analysis of the loan portfolio by class and the time past due at June 30, 2019 (in thousands):

		30-59 Days Past Due				60-89 Days Past Due				Greater Than 90 Days Past Due				Total Past Due				Current				Total Loans				Recorded Investment > 90 Days Accruing				Non-accrual
Commercial:
Commercial and industrial		$	1,533			$	—			$	—			$	1,533			$	108,645			$	110,178			$	—			$	244
Agricultural production		—				—				—				—				25,987				25,987				—				—
Real estate:		—																—
Owner occupied		—				—				—				—				195,626				195,626				—				208
Real estate construction and other land loans		—				—				—				—				102,927				102,927				—				—
Commercial real estate		447				—				—				447				301,579				302,026				—				925
Agricultural real estate		—				—				—				—				75,077				75,077				—				—
Other real estate		—				—				—				—				33,214				33,214				—				—
Consumer:																		—
Equity loans and lines of credit		—				—				—				—				71,107				71,107				—				1,029
Consumer and installment		7				—				—				7				42,338				42,345				—				36
Total		$	1,987			$	—			$	—			$	1,987			$	956,500			$	958,487			$	—			$	2,442

The following table shows an aging analysis of the loan portfolio by class and the time past due at December 31, 2018 (in thousands):

		30-59 Days Past Due				60-89 Days Past Due				Greater Than 90 Days Past Due				Total Past Due				Current				Total Loans				Recorded Investment > 90 Days Accruing				Non- accrual
Commercial:
Commercial and industrial		$	255			$	—			$	—			$	255			$	101,278			$	101,533			$	—			$	298
Agricultural production		—				—				—				—				7,998				7,998				—				—
Real estate:		—
Owner occupied		215				—				—				215				182,954				183,169				—				215
Real estate construction and other land loans		—				—				1,439				1,439				100,167				101,606				—				1,439
Commercial real estate		—				—				—				—				305,118				305,118				—				418
Agricultural real estate		—				—				—				—				76,884				76,884				—				—
Other real estate		—				—				—				—				32,799				32,799				—				—
Consumer:
Equity loans and lines of credit		953				—				—				953				69,005				69,958				—				370
Consumer and installment		7				—				—				7				38,031				38,038				—				—
Total		$	1,430			$	—			$	1,439			$	2,869			$	914,234			$	917,103			$	—			$	2,740

Troubled debt restructurings

The following table presents loans by class modified as troubled debt restructurings that occurred during the six months ended June 30, 2019 (in thousands):

Troubled Debt Restructurings:		Number of Loans			Pre-Modification Outstanding Recorded Investment (1)				Principal Modification (2)				Post Modification Outstanding Recorded Investment (3)				Outstanding Recorded Investment
Consumer:
Equity loans and lines of credit		2			$	132			$	—			$	132			$	128
Total		2			$	132			$	—			$	132			$	128

(1) Amounts represent the recorded investment in loans before recognizing effects of the TDR, if any.

(2) Principal Modification includes principal forgiveness at the time of modification, contingent principal forgiveness granted over the life of the loan based on borrower performance, and principal that has been legally separated and deferred to the end of the loan, with zero percent contractual interest rate.

(3) Balance outstanding after principal modification, if any borrower reduction to recorded investment.

The following table presents loans by class modified as troubled debt restructurings that occurred during the six months ended June 30, 2018 (in thousands):

Troubled Debt Restructurings:		Number of Loans			Pre-Modification Outstanding Recorded Investment (1)				Principal Modification (2)				Post Modification Outstanding Recorded Investment (3)				Outstanding Recorded Investment
Commercial:
Commercial and Industrial		1			$	38			$	—			$	38			$	36
Real Estate:
Commercial real estate		1			166				—				166				165
Agricultural real estate		1			3,050				—				3,050				3,050
Total real estate		2			3,216				—				3,216				3,215
Total		3			$	3,254			$	—			$	3,254			$	3,251

The following table presents loans by class modified as troubled debt restructurings that occurred during the three months ended June 30, 2019 (in thousands):

Troubled Debt Restructuring		Number of Loans			Pre-Modification Outstanding Recorded Investment (1)				Principal Modification (2)			Post Modification Outstanding Recorded Investment (3)				Outstanding Recorded Investment
Consumer:
Equity loans and lines of credit		1			$	119			—			$	119			$	115

The following table presents loans by class modified as troubled debt restructurings that occurred during the three months ended June 30, 2018 (in thousands):

Troubled Debt Restructuring		Number of Loans			Pre-Modification Outstanding Recorded Investment (1)				Principal Modification (2)		Post Modification Outstanding Recorded Investment (3)				Outstanding Recorded Investment
Real Estate:
Agricultural real estate		1			$	3,050					$	3,050			$	3,050

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Schedule of Financing Receivables By Impairment Methodology [Table Text Block]

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Tabular disclosure of financing receivables (examples of financing receivables include loans, trade accounts receivable and notes receivable) and activity in the allowance for credit losses account.

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Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics.

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